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in what we think is going to be an okay earnings environment, but a challenging revenue environment. not every balance sheet is going to execute equally in this environment. you've got some opportunities for -- >> what it means is the fed is going to stay the course on quantitative easing, basically. >> i think that is very clear. >> greg, tell us about this new study you're out with today. >> we found three in four americans say they are not more inclined to invest in the stock market now given the fact that interest rates are at record lows and the stock market's recently hit highs. that's the same as we found a year ago. now, a year ago, you know, in the past year interest rates have come down further. the market's gone up more. yet people are not swaying. >> what's their big fear? that they've missed it already? they're afraid it's too high? they're going to pick moment? is there too many risk? what's the big fear? >> some of each. quite frankly the memories of 2008 are very fresh. a lot of people, 2008 wasn't the first time they'd been burned. they got burned in the tech bust.
the chief of production goals from unconventional shell plays, i think the environment going forward has never looked brighter for u.s. infrastructure. >> i think et was yesterday someone said nat gas is the new safe haven, suddenly this is start to go look a little more price afforded. any view on that? >> i think that dmodty prices, a broader view, i think that peak energy, we believe in just the opposite at yorkville. we think energy prices will probably be the growth driver of the global economy. it has a lot of implications. it's very good for the u.s. and our consumers. it's very good for china. >> you say peak energy in terms of we're going to see declines -- >> i think we're going to see stability. the new energy supplies coming online are more expensive to extract from the ground, so you're not going to get back to $20 a barrel oil in our lifetime. but this $80 to $11 is 00, peaking at $120 dropping to $60 is probably a new range in the u.s. i see natural gas, it's at 350 right now, roughly, $4 to $6 range, $16 in japan, mid teen prices in germany. that's giving us a competitive
-- scare people, but what you should do in this environment is don't get distracted from there, don't go for fear. >> ross, if what you're saying suggests, perhaps, gold still is a safe haven, why do you think so? >> let me qualify that. it's an imperfect safe haven. it's an imperfect safe haven, particularly in the short run. >> against what? >> against financial meltdown or inflation or politicians not doing what they should do, in that case. so it's an insurance plan, if you like. >> is the reason we have this down move is because people are now -- is the gold pricing in the fact we're not going to get more qe out of -- >> it may be. and it's part of the story dwr the shorts have hit gold is not because of what has happened, but because of what hasn't happened. we haven't had hyper inflation. we didn't have the euro collapse. certain things didn't happen. i think that would have aggravated the gold market. fundamentally, it still remains in the short-term a long haven and imperfect. >> if nvs the kind of move, you know, that indicated that if gold were going to respond to more quantit
back to what is a normalized environment. what does that even mean? i can't value it. i don't know how to value. >> i think it's interesting, the mainstream press. the front page of the washington post is the spring swoon and how we cannot seem to escape this economic decline and we've seen the past couple of springs and the front page of the journal is walmart and kohl's taking more time to pay their supplier, a trend they say is getting worse. those are not marginal positives, jim. i look at bank of america. i look at j.p. morgan and i say i'll pay 83.5 for 50,000 j & j. the trade is i don't want to mess with the stuff. proctor, look, he's making the quarter. he's going to make the quarter. >> raw costs coming down and coca-cola, by the way. raw costs are coming down, but they will come down. another one that is just where people are hiding. david, it's hide and don't seek. >> it is, but to carl's point, we've come out of the last few years and animal spirits start to feel strong. >> right. underlying economic growth is strong and everyone is revising up their gdp numbers up to three
our green is universal with green beer. we mean beer production that goes easy on the environment. it's an interesting story and iex breaking right here squawk this morning. miller coor's is reporting that its famous golden colorado brewery, the largest single site brewery on the planet is now weeks away from becoming a zero waste site. what does that moon exactly? more than 99% of brewery waste, glass, plastic, even spent grain gets reused or recycled. interesting story behind this initiative, the idea came from a long time employee, a shop floor technician there with the initial plan to get the company's major breweries to zero waste. for much more on earth week and this story and others, check out green.cnbc.com. kind of an interesting feel good -- and it has to do with beer and drinking. >> i didn't know this. jane wells and tom rotuna on the on assignment desk are doing this whole thing called brew and chew. >> i read about this, too. it's going the be online. >> on cnbc.com. it's all about beer news, food news. jane wells, i saw her in california two weeks ago. she said she prom
and the potential for further government spending cuts and the regulatory environment. >>> and listen up, everybody.it looks like fed chairman ben bernanke, he's going to to the annual jackson hole symposium this week. it may not sound like a big deal, but this is the first time he's marked that event since 2006. reuters quote the spokes woman who says bernanke is not planning on attending because of a personal scheduling conarthritic. they've used this forum to try ask preview important fed actions. just about every big move they've made along the way he has made public at jackson hole. people have been wondering if he was going to talk about a potential successor this time around. >> can i give you a conspiracy theory? if this is -- this is like your place. if you run the fed, you go to this thing, right? and if this was going to be the last time you could go as the fed chairman, if you thought that he was going to be stepping down next fall or next spring, rather, you probably would find a way to show up. >> actually, i look ate more as him having not made up his mind yet. if you haven't decide
that the environment worldwide is just too hard to deliver the dough. jimmy in california. jimmy! >> boo-yah, cramer, how are you? >> real good, partner. how are you? >> caller: real good, thanks. in light of the tragedies in texas, with the pullback in fertilizer stocks and the biggest corn crop since '36, what do you think about rnf with a 9% dividend or are you still sticking with seeya? >> we bought thought that was a really good idea. it's funny it hit your radar screen and my radar screen. i think that rentech is a good, good idea. it's just funny, because i was thinking about doing that on the show next week. let's go to chris in california, chris? >> caller: hey, jim, i love your show. i have a question regarding ebay. the earnings were yesterday. is this a overreaction and where do we go from here? >> i thought it was an overreaction, but there'll probably be a second day of overreaction, because people were so stunned that they actually talked about a bit of a slowdown in europe. i think the important takeaway is they reiterated and reaffirmed their growth, which is amazing. i want to buy
slices so everybody can eat. you need to get more pizza. in order to do that you need an environment good for business. and i think they have all lost sight of that. it's not about taxes, redistribution. >> are you looking for a quick fix? >> there's no quick fix to this. there's a very difficult fix to this and things if both sides will have to do that are uncomfortable in the short run. lying about it isn't going to make it better. by saying social security, medicare, medicaid aren't in trouble, is not going to make it better. >> working so well. >> despicable. >> bob, thank you for coming in today. >> thank you. >> j.j., rick, see you soon. thank you. >> always a pleasure. >> our guest host will be with us the rest of the show. >> very excited this morning. >> tell us what you really think. coming up, more on goldman sack's earnings report. beating the streets expectations by 40%. up next, reaction from financial sector analysts. the one and only dick bove. ♪ ♪ the new blackberry z10 with time shift and blackberry balance. built to keep you moving. see it in action at blackberry.co
the internet, either at home or at the office or in the retail environment. so we're orienting everything we're doing at ebay, ebay, inc., to help consumers have a seamless shopping experience. >> john, last question i have, if there's one danger that i see particularly for paypal, it is scrappy competitors coming up, what you talked about last time you and i talked, braintree, et cetera, that have gotten some of the hot mobile retail start-ups under their wing. what's the major ting that ebay has to do to get the next fab, the next uber, for instance, under the paypal wing? >> well, there's going to be a lot of innovation in mobile payments and in this whole space because there's so much change. weened that. we actually respect and like that. we made several acquisitions. but we're innovating aggressively as well. we just launched our new mobile software library at south by southwest and actually companies like uber, companies like fab are using paypal and integrating paypal because paypal brings 120 million active consumers. paypal brings a network of capability that is strong. and so ther
with our reduced output so the faith is still there, that it's well run in a bad macro economic environment which comes back to mcdonald's which you have a note out today from sus can dehanna which says it is executing across the world and it is stable in its market share or gaining and it is against it. that seems to be the major theme. >> another theme that's sort of emerged in these big companies, citigroup, as well is the strength of the latin american consumer and the latin american corporation. caterpillar noting that lshg, even though china continues to be weak and there seems to be a shift from asia pacific to latin america coming from these multinationals. >> resuming the buyback does not hurt by the end of the year. it had approved for a while in '07. >> and that might be taking some of the sting out of this today. >> when we come back, yet another price target cut for apple ahead of its earnings and this time from bmo. colin gilles over at bgc is upgrading the stock this morning. which one is right? we'll hear from both analysts this morning. the dow coming off its worst week sin
. how do you see the regulatory environment playing out? and how are you going to improve margins in this scenario? >> actually, my margins improved by 140 basis points over the quarter. so we had a record margin for the first quarter. so over a 40% margin. i was asked specifically, can our margins even improve more, and i said, well, we have a lot of pressures on regulatory issues. we're reinvesting in our company by hiring more people. so i was just being cautionary. but to answer your question, our margins have had improved year after year. they're going to improve from 2012 into 2013. i believe our business model will allow margins to improve, despite, despite, we're spending at more money on lawyers, spending a lot more time working with our regulators. and i think this is just the cost of doing business moving forward. >> we'll leave it there. larry, always wonderful to have you on the program. thanks so much for your time. >> thanks, maria. >> larry fink, black rock. we have a market up 112 points. we are still waiting on answers coming out of boston in terms of suspects. w
and also some worries about the global growth environment. we think we may have a little bit of a pause here, but we're going to see continued growth through the year. it will be rewarded by take risk in the stock market. >> why? >> because with growth keeping up and inflation being under control, monetary policy is going to stay very easy, and we see that as being something that's going to lead to equity returns being positive. >> you have to admit, we've had a very good first quarter, 10% gains for most of the averages, 15% at the most extreme. aren't we due for a correction of some kind? >> well, we could absolutely have a pause here and a small correction wouldn't be off the realm, but without a big downturn in data or a big change in monetary policy expectations, i think it will be relative tame. >> what have you thought of the earnings so far this season? >> they've been modestly disappointing. we got some news today about corporate business jet appetite that was a little bit disappointing. but then look at the fed beige book report today, where they saw their seeing slightly impr
-term, but in this environment, where sentiment, we've got unusually bearish quickly. we've got more weakness in store. >> so you would wait. this isn't necessarily an entry point for you, yet? >> no, if i had cash on the sidelines, pretty much at the close of today, the average stock in the s&p 500 was off about 7% from its 52-week high. the average technology stock, 11% from its 52-week high, if we get another 3% to 5% down in stocks, then i think that cash on the sidelines should be absolutely put to work, because the next two or three years still bodes quite well for the stock market relative to most other asset classes. >> i may have to break in momentarily when those american express earnings come out. but first, jerry webben, let me ask you, the fear has been this week with news out of china, some of the economic data that we've gotten here, that maybe the global growth rate is slowing down. do you sense that at all? >> i think, yes, both in the u.s. and in china, we've seen some slowness in the emerging markets and europe remains extremely weak, but you've got to look at those growth areas in the u.s. wi
as the competitive environment, do any of these other competitive services end up adding up to anything? i think so far the answer is clearly no. we're not seeing much from amazon prime or hulu or some of the other services to really grab share from netflix. >> yeah? all right. we will leave it there. thanks, everybody. appreciate your time tonight. see you soon. >> thank you. >> thanks. >> thank you so much. >>> shares of johnson & johnson meanwhile hitting an all-time high today. ceo alex gorsky is up next in an interview you'll only see here. the company's first quarter sales were $17.5 billion. we'll find out what he's got planned for the second quarter right after this break. stay with us. >>> >>> welcome back. johnson & johnson shares at an all-time high. 84.83 tl$84.83 a share. the company enjoyed a major boost after the potential type 2 diabetes drug was granted fda approval. let's check in on j & j. has the brand fully recovered from product recalls? ceo alex gorsky. >> great to see you almost a year later. >> a year later. when you first started, we talked a bit. let me go back to when we
is looking for right now. remember, the stocks that are consistently working this environment belong to companies that benefit from moderating commodity costs and can continue to raise or at least maintain prices on their customers. meanwhile, the company is doing very well. kimberly-clark just reported on friday and delivered a 3 cent earnings beat on $1.33 basis courtesy of solid organic sales, terrific growth and improving margins. plus the company also raises guidance for the full year and on top of that, kimberly-clark pays a healthy dividend which yields, and they have been a serial increase. can this stock keep outperforming like it's been doing despite the fact that many analysts don't think it can? let's talk to tom faulk chairman and ceo to hear more about the quarter and what comes next. mr. faulk, welcome to "mad money." >> boo-yah, jim. how is it going? >> going really well. thank you, tom. great to have you on the show. >> jim, let me tell you. your set has never looked better. you've got the finest products in the world there. and we hope you love the "mad money" kleen
're going to slow down the purchases but you're still easy. and that environment has a long tail to it, which should produce cash flow in the u.s. economy, 5% or better. >> so why isn't the public playing this market? why are they not in this market? >> the most recent memory in all of their heads, every single macro event risk they've all seen, whether it's the situation in europe or closer to home, the financial crisis, and that's going to last for quite a long period of time, especially since the household itself, the liability shelf, is still there and it's still in repair. >> and if anything that prolongs that rally, right? >> no question about it. that's the misguided notion out there, which is, you want to not all rush in there at once, but the reality is, no, that's where you get multiples go up to 18, 19 times and get the boom bust. the first move is cash to equities, not fixed income to equities. that second move is fixed income flows to equities, when the economy really gets above 3%. >> what are you going to buy here? >> well, we like almost everything in equities. our favo
. private equity is certainly doing well in this environment. i'm, i guess, a little surprised that we haven't seen more deals, given the fact that rates are at such low levels. shouldn't we be seeing a whole host of deal flow and deal activity? >> we should, and we may. i guess, the opposite side of a coin of a buoyant stock market is higher evaluations and less attractive targets in the public arena. as a stock holder, and i was glad to see blackstone back off from a bid on dell. but, you know, these companies are kind of out of the mainstream. if you're a stock holder, you're actually a unit holder. you get a k-1 form, as if you were a limited partner in almost a hedge fund. the accounting is eccentric, because, well, because gap doesn't quite do these companies justice. so you have to look at this so-called economic net income. and there's this seeming paradox of private equity companies being in the private market. and if private equities are so great, why are they public? there's a lot of bad will, i think, towards these companies, but they offer that thing that is most scarce today in
a weaker or softish commodity environment will drive that even further and higher. >> when i see you, the one commodity which is oil, give me your take here and correct me if i'm wrong, but you've always been a big bull. >> yeah. reality is oil. we just don't have a lot of new sources for it and you really have to take the world and slam it to almost zero growth before that would really undermine the supply/demand picture for oil. oil production grows about a million, a million and a half barrels a year and demand grows about that amount and the cost structure to bring that on is now $80 to $90 a barrel and i can't say this doomsday scenario that people say the oil markets will be prone to, and if it fits in the broader picture that the global economy is doing fine, you will see oil bottoming here in the next $5, $6 a barrel and probably making close to a new high by the end of the year. so everybody understands why that's a positive, but there are some who want to read both the decline in crude and gold as, all right, we're not going to have inflation and we're also not going to hav
environment even more. i think you have a great, virtuous cycle that's kicking in. >> that cuts to the fundamental question about netflix whether it's growing fast enough to pay for the international expansion and to pay for the content bills that it's rack up. >> if you look in detail at these figures who which you have to still, the loss overseas is $77 million and the negative free cash flow is 42 million, tony. >> there are a couple of things that have gone on in this quarter. one, we do see these improvements in the use of accounts payable which in the cash flow and the u.s. streaming business scale better which should provide more cash flow and the dvd business is not declining as fast and these guys are managing the business pretty well. if i can on the international, it's down, but not down as much assy we expected and the way to think about that is maybe these international markets are getting to profitability sooner than expected and it may not be as big of a drag as people thought going in. they're focusing on traditional valuation in the near-term. i think what the s
to better growth in the second half of the year. >> demand environment played out as we expected and i think the company executed well. as i just heard john say, we saw nice growth in our data center business. it was up 7% year on year. and within the overall market for computing, we're seeing nice growth and there's obviously a transition going on there. i think we're well positioned for that as well. >> intel shares closed up less than 1% and moving around after hours. also up a little less than 1% in frankfurt this morning which is no small feat considering germany's market is down by better than 1% as we speak. yahoo! first quarter rose and beat forecasts but revenue was flat and shy of estimates as the company feels the impact of declining web traffic and display ad sales fell for the second straight quarter down 11%. yahoo! is also projecting second quarter revenues that fell short of analysts expectations. ceo marissa mayer says her plans to reverse the trend is still on track and will show results in the second half of the year. she cautions it will be years before yahoo! grows at th
of the slow to modest growth environment. interest rates we think will stay pretty low. that overall is a reasonably attractive back drop for companies to deliver okay earnings growth. and so we can take earnings disappointments as long as it's minor. but as you say, it is a gdp and an earnings cliff, then we return to late '07/'08 type markets. we don't think it's going to happen, though. >> jonathan, it's ross here. what would you describe as okay earnings growth? >> well, i mean, okay in the context of the last six to nine months has been earnings estimates coming down week after week after week after week. the aggregate impact of that, though, is that european earnings growth expectations for 2012, remember those numbers are not finalized until we see the full years coming in the first part of this year. analyst expectations started last year around plus 10% and then our minus 3%. that's quite a big shift down when you put that into context of what we saw in 2008 where the earnings estimates went from plus 20 to minus 50%. so we've really seen in the context of previously earning
to make sure it fosters an environment where we can have small, medium and large banks, where we can have community banks that thrive, regional banks that tlooip thrive and large global banks. incidentally, andrew, if you look at the largest 50 banks, only about a half dozen are u.s. banks and incidentally, of the top 20 or 25 banks, our largest is number ten. so in terms of the size of our banks vis-a-vis our overall economy, much smaller than our international fears. >> but what about the idea that it's not just the banks. it's the financial companies, the insurance companies -- >> in addition to banks, we do have insurance companies in the financial services forum. >> there have been a lot of questions raised about all the regulations that were dropped on the banks when some of these other companies, like aig, for example, they were a huge problem and they're not going to be regulated in quite the same way. there's talk about cracking down on the insurer, as well. >> in the case of the nonbank, the group that was created under dodd-frank, the fsoc, is looking to designate a number of t
in an environment where we have large export content. so the world is our market, basical basically, more than europe. >> okay. we'll leave it there. jan erik back. thank you very much. >>> apple will report results today amid the company's free fall in stocks in recent weeks. analysts expect apple will post its year on year decline in a decade. revenue is expected to hit a record but with growth of only on 8% for sales which will be one of the weakest increases in several quarters. the company is hurt by soft demand for the iphone and lower profit margins on the ipad. apple closed about $398 on monday. the stock is down 42% since hitting a record high over $700 in september. so will the company's results leave a sour taste with investors? we'll preview the tech giant's earnings with the editor in about 15 minutes' time. >>> meanwhile, netflix's first quarter profits easily beat forecasts as they reported solid subscriber growth. the company added 2 million new customers for its $8 a month streaming service. the company expects subscriber growth slower in the second quarter, but shares jumped
Search Results 0 to 23 of about 24 (some duplicates have been removed)